Solar & Battery Regulation & Incentive Programs

Central Alabama Electric Cooperative - Residential Energy Efficiency Loan Program

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
Utility
State:
Alabama
Eligible Storage Technologies:
Equipment Insulation, Water Heaters, Heat pumps, Programmable Thermostats, Duct/Air sealing, Building Insulation, Windows, Doors
Website:
https://caec.coop/member-benefits-services/efficiency-loan-program/
Maximum Loan:
$10,000 (weatherization only)
$20,000 (if including heat pump)
Loan Term:
Up to 5 years (weatherization only)
Up to 10 years (if including heat pump)
Interest Rate:
4.99% (5-year term)
6.99% (10-year term)
Administrator:
Central Alabama Electric Cooperative
Applicable Sectors:
Residential
Utility:
Central Alabama Electric Coop
Last Updated:
07/31/2020

Summary

Central Alabama Electric Cooperative offers the Co-Op Energy Efficiency Loan Program to its residential customers. This program is offered through an agreement with the Alabama One Credit Union (ARECU) or Regions Bank. Projects that qualify for this loan include heat pumps, duct repair, building insulation, air sealing, heat pump water heaters, water heater blanket and pipe insulation, attic ventilation, doors, windows, window tinting, programmable thermostats, and mobile home skirting. All installations and improvements must be performed by a licensed contractor. To begin the process, contact Cindy Browder at (800) 545-5735 ext. 2118 or at cbrowder@coop.caec.com.